Handle Your VAT and GST Payments at the Click of a Button

PingPong makes paying VAT simpler than sellers could dream of!

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VAT? What is that?

Value-added tax (VAT) is a tax that is added onto a product at every point of sale.

At every stage of the supply chain, from production to the point of sale, VAT is paid by the user for the cost of the product, less any of the costs of materials used in the product that have already been taxed.

Think of it like this:

  • Step 1
  • Step 2
  • Step 3

Step 1

A raw materials producer sells their goods to a factory or wholesaler (this is your supplier). The raw materials producer pays VAT (to the government) on the sale (using the baked in profit they’ve made from the sale).

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How to Pay VAT with a PingPong Account?

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How To Know If You Should Bb Paying VAT:

If you’re selling goods in (most) European markets, as well as Canada, you have to pay VAT. Some places, like Canada and Singapore, refer to it as a goods and services tax (GST)

EXAMPLE: VAT is commonly expressed as a percentage of the total cost. For example, if a product costs $100 and there is a 15% VAT, the consumer pays $115 to the merchant. The merchant keeps $100 and pays $15 (VAT) to the government.

$150 Million

PingPong transfers more than 150 million dollars a day for international eCommerce sellers just like you.

1 Million

More than 1,000,000 sellers turn to PingPong for safely bringing their money home.

$90 Billion

PingPong has processed more than 90 billion dollars in cross-border payments for eCommerce.

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phone 1-800-3845-PAY email support@pingpongx.us location 1510 Fashion Island Blvd. [Ste. 250] San Mateo, CA 94404

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